394 Emory River Rd
Selling at Absolute Auction! No Minimums, No Reserves!
Beautiful waterfront .82 +/- acre lot, perfect for a family home, located near the interior of a cove that runs into Emory River.
PROPERTY TOUR INFORMATION
Auction representatives will be available at the properties from 10:00 a.m. until 5:00 p.m. on the following dates: July 10th, 11th, 12th, 17th, 18th, 19th, and 24th.
The Auction Information Office will be located at 504 Gunters Way. You may contact our auction representatives directly at 800.558.5464.
DIRECTIONS TO PROPERTY/AUCTION INFORMATION OFFICE
From I-40 East, take the TN-58 South exit (#352) towards Kingston. Turn left onto N. Kentucky Street. Travel 1.5 miles (N. Kentucky St. become Sugar Grove Valley Road). Take sharp left onto Peninsula Road. Travel 0.7 miles. Take slight right onto Emory River Road. Continue on Emory River Road to entrance of Property (look for sign). The Auction Information Office will be located approximately 1 mile from the entrance of the Property at 504 Gunters Way, Harriman, TN (look for sign).
AUCTION EVENT SITE & REGISTRATION
The auction event will be held on site at the intersection of Emory River Road and Gunters Way (look for auction tent). Registration will begin at 9:00 a.m. (ET) and the auction will begin at 11:00 a.m. (ET).
AUCTION - COOPERATING BROKER PARTICIPATION
Cooperating Broker participation for the auction is invited. Up to 2% commission will be paid a Cooperating Broker. For Cooperating Broker Incentive Program, visit www.jpking.com or call 800.558.5464 for more information.
BUYER'S PREMIUM & TERMS
A seven-percent (7%) Buyer's Premium will be added to the winning bid price to arrive at the total contract price paid by the Buyer. A ten-percent (10%) down payment (based on the total contract price) will be required on auction day and will be held in escrow. Earnest money deposit(s) can be paid with personal or company check. Closing will be on or before thirty (30) days from the date of auction.
Excellent auction financing is being offered by Enrichment Federal Credit Union. For lot purchases, up to 85% of the sales price can be financed at 4.875%* variable rate on a 15 year payback, based on a 5 year adjustable rate. For additional information, qualifications, and pre-approval process, please contact Joy Roberts at 865.482.0045, ext. #1604 or Mark Hembree at 865.482.0045, ext. #1109.
*EFCU is an Equal Housing Lender and Insured by the National Credit Union Administration. Rate subject to change without notice.
The use of any third parties by J.P. King in association with the conduct of the Emory Road auction is by sole agreement between J.P. King and said third party and should not be construed as an affiliation with or an endorsement of said third party on behalf of the Tennessee Valley Authority.
The term “waterfront” as used herein does not imply that property will be conveyed to the water but only that there are no intervening interests between the property being conveyed and TVA property that touches the water.
J.P. King Auction Company, Inc. 256-546-5217 Jerry Craig King, #1525; J. P. King Auction Company, Inc., #123 Lanny G. Thomas #6296; J. P. King Auction Company, Inc., #123
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Auction Information Center 800.558.5464 • Corporate Office 800.662.5464 • Fax 256.543.8036